ocean city md real estate market report - may 2014

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1604 1604 1565 1545 1521 1508 1493 1451 1420 1393 1426 1447 1407 1361 1287 1231 1196 1198 1183 1126 1104 1089 1114 1167 1190 1126 1034 952 979 997 1004 1006 971 985 1062 1104 1143 0 200 400 600 800 1000 1200 1400 1600 1800 A 11 MJ J ASOND J FMA 12 MJ J ASOND J FMA 13 MJ J ASOND J FMA 14 Ocean City Active Listing Volume Ocean City There are currently 1143 properties for sale in Ocean City, which is down by 4% from this point in 2013. Search All Ocean City Listings Ocean Pines There are currently 229 properties for sale in Ocean Pines, representing a 57% increase over April of 2013. Search All Ocean Pines Listings 254 258 269 268 256 246 232 214 189 172 188 192 192 188 179 186 185 191 184 168 148 141 143 155 146 185 205 175 207 190 195 177 171 167 169 210 229 0 50 100 150 200 250 300 A 11 M J J A SOND J FMA 12 M J J ASOND J FMA 13 M J J ASOND J FMA 14 Ocean Pines Active Listing Volume Ocean City The average active listing price for the year in Ocean City is $342,000, which is down by 3% from the 2013 value at this point. This is more a function of what is currently on the market than anything else. 386 378 377 377 382 380 381 373 374 366 364 368 369 377 368 376 373 365 362 362 362 354 351 351 350 353 343 341 349 351 353 346 339 340 347 348 332 250 300 350 400 450 500 550 A 11 M J J A S O N D J F M A 12 M J J A SOND J FMA 13 M J J A SOND J FMA 14 Ocean City Active Listing Prices Avg. Price Med. Price 3 per. Mov. Avg. (Avg. Price) Ocean Pines The average listing price in Ocean Pines for 2014 thus far is $335,000, which is a 4% increase over the 2013 value at this point of $322,000. 324 328 322 332 334 330 335 336 327 321 310 308 310 317 325 320 329 320 322 316 320 316 315 321 336 330 320 325 325 327 320 309 315 320 332 338 348 200 250 300 350 400 450 A 11 M J J A SOND J FMA 12 M J J A SOND J FMA 13 M J J A SOND J FMA 14 Ocean Pines Active Listing Prices Avg. Price Med. Price 3 per. Mov. Avg. (Avg. Price) 3 per. Mov. Avg. (Med. Price) Active Listing Prices Active Listing Volume Ocean City and Ocean Pines Market Report Direct: 443-614-9179 Email: [email protected] Web: DwellinOC.com New Listing Updates Sign up for email updates with new listings and price adjustments for the type of properties you are looking for Search All Area Listings We provide the most advanced consumer search available that is linked directly to the Multiple Listing Service that we use. A Division of The Mark Fritschle Group | Condominium Realty LTD

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Ocean City Active Listing Volume Ocean City There are currently 1143 properties for sale in Ocean City, which is down by 4% from this point in 2013. Search All Ocean City Listings

Ocean Pines There are currently 229 properties for sale in Ocean Pines, representing a 57% increase over April of 2013. Search All Ocean Pines Listings

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Ocean Pines Active Listing Volume

Ocean City The average active listing price for the year in Ocean City is $342,000, which is down by 3% from the 2013 value at this point. This is more a function of what is currently on the market than anything else. 38

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Ocean City Active Listing Prices Avg. PriceMed. Price3 per. Mov. Avg. (Avg. Price)

Ocean Pines The average listing price in Ocean Pines for 2014 thus far is $335,000, which is a 4% increase over the 2013 value at this point of $322,000.

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Ocean Pines Active Listing Prices Avg. PriceMed. Price3 per. Mov. Avg. (Avg. Price)3 per. Mov. Avg. (Med. Price)

Active Listing Prices

Active Listing Volume

Ocean City and Ocean Pines Market Report

Direct: 443-614-9179 Email: [email protected]

Web: DwellinOC.com

New Listing Updates Sign up for email updates with new listings and price adjustments

for the type of properties you are looking for

Search All Area Listings We provide the most advanced consumer search available that is

linked directly to the Multiple Listing Service that we use.

A Division of The Mark Fritschle Group | Condominium Realty LTD

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Ocean City Sold Listing Volume Ocean City A total of 250 properties have gone to settlement in Ocean City thus far in 2014, which is down slightly from the 264 properties that went to settlement through this point in 2013. View  Ocean  City’s  April  Sold  Listings

Ocean Pines 76 properties have gone to settlement so far this year in Ocean Pines, representing a 7% increase in activity over the 2013 value through April. View  Ocean  Pines’  April  Sold  Listings

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Ocean Pines Sold Listing Volume

Ocean City The average sold listing price for the year in Ocean City is $273,000, which is off by 3% from the 2013 value of $282,000. This is the result of the property types that are selling more than anything else.

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Ocean City Sold Listing Prices Avg. PriceMed. Price

Ocean Pines The average sold price for the year so far in Ocean Pines if $239,000, which is up by 4% over the 2013 value through this point of $231,000.

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Ocean Pines Sold Listing Prices Avg. PriceMed. Price3 per. Mov. Avg. (Avg. Price)

Sold Listing Prices

Sold Listing Volume

Ocean City and Ocean Pines Market Report

Direct: 443-614-9179 Email: [email protected]

Web: DwellinOC.com

Recently Sold Listings Sold Listing Updates View Multiple Listing Service reports of the properties that have sold over the most recent 90 day period, broken down by area.

Sign up to get email updates when properties sell in areas that are of interest to you, based on your specifications.

A Division of The Mark Fritschle Group | Condominium Realty LTD

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Ocean City Sold Price/Sq. Ft. Ocean City The average sold price per square foot in Ocean City during April was $248, which is down slightly from April of 2013.

Ocean Pines The average sold price per square foot in Ocean Pines during April was $152, which is up by 15% from April of 2013.

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Ocean Pines Sold Price/Sq. Ft.

Ocean City The absorption rate in Ocean City currently stands at 15 months, which is unchanged from April of 2013. 20 20 19 18 18 18 18 18 18 18 18 19 18 18 17 17 16 16 15 14 13 13 13 14 14.5 15

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Ocean City Absorption Rates

Ocean Pines The absorption rate in Ocean Pines is currently 9 months, which is up from its April 2013 value of 7 months.

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Ocean Pines Absorption Rates

Absorption Rates

Sold Price/Sq. Ft.

Ocean City and Ocean Pines Market Report

Direct: 443-614-9179 Email: [email protected]

Web: DwellinOC.com

Foreclosures and Short Sales Distressed Listing Updates View all of the foreclosure and short sale listings currently available

in Ocean City, Ocean Pines, Berlin and West Ocean City. Sign up to receive email updates as the new foreclosure and short sale listings hit the market in the areas that are of interest to you.

A Division of The Mark Fritschle Group | Condominium Realty LTD

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Ocean City Sold to List Price Ratio Ocean City Property in Ocean City is currently selling at 95% of the listing price, which is up slightly from this point in 2013.

Ocean Pines Ocean Pines property sold at 96% of the listing price during April, which was up slightly from April of 2013.

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Ocean Pines Sold to List Price Ratio

Ocean City Property that sold in Ocean City during April averaged 145 days on the market, which was up by 15% over April of 2013.

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Ocean City Avg. Days on Market

Ocean Pines Property that went to settlement in Ocean Pines during April averaged 156 days on the market, representing a 7% decrease from April of 2013.

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Ocean Pines Avg. Days on Market

Average Days on Market

Sold to List Price Ratios

Ocean City and Ocean Pines Market Report

Direct: 443-614-9179 Email: [email protected]

Web: DwellinOC.com

Selling Real Estate Property Valuation View our comprehensive marketing plan that we utilize to get our clients the highest price possible in the shortest amount of time.

Fill out our quick property information form and we will email you a comprehensive valuation report for your home or condo.

A Division of The Mark Fritschle Group | Condominium Realty LTD

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Ocean City Under Contract Listing Volume Ocean City 86 properties went under contract in Ocean City during April, which was down considerably from April of last year. It is worth noting that April of 2013 was a record setting month in terms of contracts written. View  Ocean  City’s  Under  Contract Listings

Ocean Pines 38 properties went under contract in Ocean Pines during April, which was a 9% increase in activity over April of last year. View  Ocean  Pines’  Under  Contract  Listings

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Ocean Pines Under Contract Listing Volume

Ocean City The average price of properties that have gone under contract in Ocean City during 2014 is $287,000, which is down slightly from the 2013 value of $292,000.

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Ocean City Under Contract Listing Prices

Ocean Pines The average price of properties that have gone under contract in Ocean Pines during 2014 is $248,000, which is down slightly from the 2013 value of $254,000.

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Ocean Pines Under Contract Listing Prices

Under Contract Listing Prices

Under Contract Listing Volume

Direct: 443-614-9179 Email: [email protected]

Web: DwellinOC.com

Ocean City and Ocean Pines Market Report

Useful Buying Information Buyer Action Plan View a series of articles and videos that we have put together which

explain and outline the various phases of buying real estate. View the plan and steps that we take to ensure our Buyer clients get the best deal possible through a relaxed and stress free transaction.

A Division of The Mark Fritschle Group | Condominium Realty LTD

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Ocean City New Listing Volume Ocean City A total of 597 properties have been listed in Ocean City thus far in 2014, which is a 12% decrease from the 675 properties that were listed through this point in 2013. View  Ocean  City’s  New  Listings

Ocean Pines 170 new properties have been listed in Ocean Pines thus far in 2014, representing a 26% increase over the 135 properties that were listed through this point in 2013. View Ocean Pines New Listings

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Ocean Pines New Listing Volume

Ocean City The average new listing price for the year so far in Ocean City is $341,000, which is up by 7% over the new listing price of $320,000 through April of last year. 37

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Ocean City New Listing Prices

Ocean Pines The average new listing price in Ocean Pines thus far in 2014 is $334,000, which is up by 10% over the 2013 value of $304,000.

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Ocean Pines New Listing Prices

New Listing Prices

New Listing Volume

Ocean City and Ocean Pines Market Report

Direct: 443-614-9179 Email: [email protected]

Web: DwellinOC.com

Just Listed Properties Search ALL Listings Search all of the available area listings based on your specifications

through the MLS, which is the same database we utilize. View new listings and price adjustments that have become available

over the most recent 7 day period, broken down by area.

A Division of The Mark Fritschle Group | Condominium Realty LTD